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on efforts to break the jam in washington. >> reporter: top congressional leaders are expected to meet with president obama at the white house friday. this would be the group's first face-to-face meeting since november 16, and a last-minute chance to avoid the so-called fiscal cliff. if no deal is reached, taxes will go up for nearly every american. senators reconvened thursday with tensions spilling over onto the floor. each side accused the other of stalling. >> speaker boehner is unwilling to negotiate. we've not heard a word from mcconnell. nothing is happening. >> the phone never rang. and so now here we are, five days from the new year. and we might finally start talking. >> reporter: senate majority leader harry reid skewered house speaker john boehner, charging he's more interested in his leadership position than in bipartisan legislation. >> the speaker's no. 1 goal is to get elected speaker on january 3. >> reporter: the two sides are at odds over tax cuts and spending. republicans say it's up to the democratically controlled senate and white house to reach an agreement. >>
counter offer calls for raising 800 billion in revenue without raising tax rates. >> if washington can't reach a deal cbs reporter jim axle rod says your paycheck is going to feel it. >> the payroll tax cut has given this family an extra $70 a month to spend. >> are you paying attention to what's going on in washington right now. >> of course we are. >> their 50,000-dollar a year income puts them in the middle of american households if the payroll tax cut is not extended those families would pay an average of $1,035 a year more in social security taxes. >> do you have room to cut back. >> no, sir i don't. i guess if i do some type of magic like we do every month. >> if the tax cut expires paycheck contributions will go from 4.2 percent to 6.2 percent. $115billion a year that will go to deficit reduction instead of being pumped into the economy. those in favor of allowing the tax cut to expire argue money for social security payments has to come from somewhere. although he says that somewhere will mean doing without some of the basics. >> it might be a pair of sneakers. it might be the
not impressed by today's developments in washington. the dow last more than 158 points. it's five-day losing streak is the longest since july. the s&p 500 also closed down. >>> going over the fiscal cliff will have several impacts on your wallet. a 2% payroll tax cut and a series of other temporary tax cuts will expire, along with other credits and deductions. your grocery costs, especially for dairy products, could suddenly skyrocket. federal long-term jobless benefits would expire. but the price of gas could actually go down because of the declining demand. another tax you'll see rise is the estate tax. cbs reporter john blackstone shows us how tumbling off the fiscal cliff could destroy the legacy of a napa valley vineyard. >> reporter: when his great grandfather started farming her in the late 1800s... >> they farmed orchard fruit and cattle. >> reporter: but much of the land he grew up on is gone, sold, to pay estate taxes after his grandfather's death. >> had to sell all of it. >> estate taxes? >> yes. >> reporter: his grandfather died in 1972 when estate taxes were at an all-time high
it and gets a touch down. washington seven to three. giants leading 16, 10. griffin roles out. and washington hangs on 17, 16. the monday night top five. at number five, tristan thompson meet detroit. the pistons beat the cavaliers. nightly hockey fix. mat tried to clear the puck but hit it into his own net for a goal. want to get away? tyreke's team lost three to nothing. at number three the baa boon baa boon stole the guys sandwich. number two this might be the most impressive nonchalant goal you've ever seen. with his heal. number one former arch bishop drew gordon. look at that. it's the worst flop i've ever seen. that is the worst marlin brando ever. and we'll be back. . >> i'm hoping all this rain was worth something. that we got the reservoirs beginning to fill, right. >> you asked the question earlier. we looked it up. lake shasta went up 17 feet over the past five days. >> that's significant. a lot of houseboaters and water skiers. >> see you tomorrow. band playing "late ) >> from new york, the greatest city in the world, it's the "late show" with david letterman. tonight... plus pau
prayers. and in washington, d.c., hundreds of people packed the white house lawn, holding up candles at an impromptu vigil. >> today's tragedy has a lot of people wondering if it's time for tougher gun control. according to a new survey, usa poll, almost 3/4s of bay area adults say laws for gun sales should be stricter. but is public sentiment strong enough to change the law? here's cbs 5 reporter grace lee. >> i know there's not a parent in america who doesn't feel the same overwhelming grief that i do. >> reporter: it was an emotional president obama who faced the nation today. it was also a rare moment, perhaps a turning point in presidential policy for federal gun control. >> we're going to have to come together and take meaningful action to prevent more tragedies like this, regardless of the politics. >> it is an obvious and perfectly appropriate emotional response to say something's got to be done. >> reporter: uc berkeley criminal law professor believes the american people will also have a change in public sentiment. a call for gun control. but he does not believe it will last
of lawmakers. the president and congress left washington on friday for the holidays with a promise to return later this week. there is only a week left to avoid tax hikes and spending cuts that will impact almost every american. tonight it appears democrat senate leader harry reid may take the lead in crafting a comp mice to prevent tax hikes on at least the middle class. the president was in hawaii for the funeral of senator daniel minoli. >>> one of the president's last acts before leaving washington caught some holiday travelers offguard today. grace lee on how an unexpected federal holiday scuttled some christmas vacations. >> i'm really upset. at this point, i don't know what can we do now? just wait. we've been here since 7:30 in the morning. my appointment was at 9. >> reporter: stranded an christmas eve. it was the same story for dozens who were supposed to pick up pass ports today. some had confirmation numbers. >> extremely frustrating and disappointing that i'm not going to be able to see them, not for my wife's birthday or my daughter for christmas. >> reporter: the passport age
of respiratory complications at a washington dc area hospital. he was 88 years old. >>> peroxisome making a counter offer in the effort to avoid driving off the fiscal cliff the president agreed to curtail future cost of living increases for recipients of social security and also soften his demand for higher taxes at the upper income levels. john baner proposed an earning threshold of a million dollars for the higher tax rates. a deal must be reached by january 1st or automatic spending cuts will take affect. >>> crazy moments at a popular bay area mall when a fire breaks out. >>> a half million dollar mistake that you pay for on your energy bill. >>> and can you taste the difference? the new ingredient being added to a popular diet soda. >>> meteorologist paul deanno here. if you're looking for a different weather forecast than what we've had. it's been cloudy and wet. it's been cloudy and wet. all the ,,,,,,,, [ game announcer ] touchdown! and here comes the dunk. [ male announcer ] everyone loves to dunk. ♪ [ game announcer ] will he dunk it? yes, he will. [ male announcer ] mcdonald
hawaiian vacation short to get back to fiscal cliff talks in washington. the country is a week away from tax increases and deep spending cuts that will be triggered without an agreement. the next move will likely fall on democratic senate leader harry reid. >>> it's a scary statistic for recent college graduates. the number of young californians with degrees working in restaurants or retail has nearly doubled over the last five years. grace lee tells us these are the same people who have expensive college loans to pay off. >> reporter: when you're shopping this holiday season or eating out, take a look around. you might notice a lot more people under 30 working those jobs. according to the census bureau there are about 260,000 young adults with college degrees in california taking work in food service and retail because they can't get anything else. >> pretty sad now. >> reporter: roary graduated with a computer science degree. >> i graduated with my bachelors in 2009 and my first job was at a retail store. at first it was kind of embarrassing. >> i couldn't get a job in the field i want
a red eye trip to washington. with the fiscal cliff deadline less than a week away. what it all means for your paycheck. >> reporter: as the president wrapped up his vacation, federal workers trickled back into the nation's capitol. but the only people who can avert the fiscal cliff, members of the house and senate, have not returned. in just six days, a 2% payroll tax is set to expire, along with the bush-era tax cuts, shrinking the average person's paycheck in 2013 by about $1500. long-term unemployment benefits for about two million jobless americans are also set to expire. and 110 billion worth of spending cuts to both domestic and defense programs will start to kick in, forcing layoffs in the public sector and for some private sector government contractors. economists predict that if congress doesn't act, all those cuts and new taxes will push the economy back into a mild recession by mid 2013. the impact of some of these new cuts and taxes wouldn't be felt immediately on january 1. that's because the irs and other agencies didn't expect it to come to this. so it could be a few w
, the first family on their way to hawaii for the holidays. the president says he'll return to washington if there's a deal. >>> there were five funerals in newtown, connecticut, today for two adults and three children. six-year-old olivia engle loved being a big sister and helping her little brother explore. dillon loved chocolate. grace's family says she dreamed of being a painter. >>> we started to see all the ribbons and all your tributes to emily, everywhere, and a lot of you guys don't even know who she is. a lot of you never even met her. >> the last two faculty members were also laid to rest today. rachel's boyfriend was planning to propose on christmas eve. school psychologist mary sherlock was remembered for her devotion to kids in trouble. >>> condolence letters have overwhelmed the newtown post office. they started coming immediately. at first, a few hundred. now there are thousands each and every day, coming from all over the world. the postmaster says it's hard not to cry as they sort the mail. >>> the nra has promised, in its own words, meaningful contributions to prevent a
there are grounds for a defamation case. chip reed, washington. >>> all right, paula. we're going to yelp the weather this weekend. >> but it's gonna be nice, right? >> this one -- never use the word guarantee in weather. i've learned that. but you know what? this is pretty close. it's going to be a nice weekend coming up. i know it's only thursday. we like to call it friday eve. we will be dry right on through the weekend. hi-def doppler showing no rain. that's a change, because 12 of the past 20 days it has rained, but tonight it did not. a beautiful night for christmas in the park in san jose. we will take you there. believe it or not, it started way back in the 1950's with one single nativity scene. a beautiful night with mainly clear skies in the south bay. san jose, you'll drop down to 45 tonight. fremont, 45. concord, 45. it's december. it gets chilly. and santa rosa, you'll be down to 41. san rafael, 45. but it's not just the chilly air. it's also going to be foggy. there's plenty of fog in the central valley. every once in a while that fog gets moved from the central valley into
of weapons. >>> washington also got to work today on gun control. vice president joe biden convened the task force that will review the nation's gun laws and recommend changes. the president wants concrete proposals in hand by next month. the team will also look at mental health issues, school readiness, even violent video games. sharon chin shows us one bay area group is already hard at work on that front. >> nice gun right there. >> reporter: this customer, who declined to give his name, bought himself a shoot 'em up video game. >> i've played these games, you know, and i don't go up and shoot up schools. >> reporter: they're violent video games that the district attorney urges people to turn in, as part of a weapons buyback program. >> they get into these violent scenarios where people are just killing people and and a young person becomes desensitized totally about what it means to take a life. >> reporter: if you turn in a violent video game, you may get back money. >> i think parents need to be more aware of what their kids are playing. >> reporter: but some people agree with the video
Search Results 0 to 23 of about 24 (some duplicates have been removed)

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